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Will the Fed Raise Rates By the End of the Year?
March 10, 2010[Story ID: 1419]
Looking for Fed rate hike could be coming
Will a better than expected nonfarm payrolls at the end of last week, and with the recent hike in the Fed discount rate, it looks as though things could be picking up for the economy, and the Fed is preparing to exit from stimulus measures. -
Fed Rate Hikes a Distant Prospect
February 23, 2010[Story ID: 957]
Last week, the Fed raised the discount rate by 25 basis points, to .75%. Investors have consistently focused the brunt of their collective monetary attention on the Federal Funds Rate, and the markets (forex included) barely registered a response to the move. Regardless of whether apathy in this particular context was justified, investors [...] -
U.S. Dollar Gets Boost in Forex Trading from Fed Discount Rate Hike
February 19, 2010[Story ID: 800]
Currency trading with the greenback
The U.S. dollar got quite the boost in overnight forex trading after the Federal Reserve announced that it is hiking the discount rate by 25 basis points. By now, things have calmed down a bit, with the euro stabilizing and taking back its losses, but the U.K. pound is [...] -
Dollar surges as Fed boosts interest rate
February 19, 2010[Story ID: 762]
The Fed made a move Thursday (February 18) to boost the emergency loan rate that it charges banks from .50 per cent to .75 per cent. While the Central Bank says the hike in its ‘ -
Ben Bernanke Helps U.S. Dollar in Currency Trading
February 11, 2010[Story ID: 539]
Forex trading with the greenback
Yesterday, Ben Bernanke provided a boost for the U.S. dollar in currency trading on the FX market by indicating that monetary policy could tighten rather sooner than expected by many. He didn’t become completely hawkish, but he did indicate that things are moving in train for economic recovery.
GFT’s Kathy [...] -
Dollar gains against major currencies, commodities
January 27, 2010[Story ID: 224]
The dollar has grown stronger to start this week, gaining ground against most major currencies and commodities, the Japanese yen, being the prominent exception.
The gold price spot rate is at $1,091, after a Tuesday New York Mercantile Exchange close just below $1,100. The gold rate is well below its all time high [...] -
Dollar struggles again after latest job, housing news
January 13, 2010[Story ID: 229]
Exchange rates have not been favorable for the US dollar in the early part of the week as the greenback has been hit again following disappointing news of late on the job and housing sector fronts.
A Euro is currently worth $1.4566, well above the $1.43 price point it entered the year with. [...] -
Gold price spikes as jobs disappoint
January 8, 2010[Story ID: 231]
Just when it appeared that the gold price was ready to reverse its long-running and fast-paced upward trend, speculators have begun to jump back in. After falling to a 60-day low of $1,080.50, the price of gold reached its highest point in just over a month at the close of New York [...]